§ 2-251. Disposing of personal property valued at less than $500.00.

(a)

The town manager is authorized, pursuant to G.S. 160A-266(c), to dispose of any surplus property owned by the town, whenever he determines, in his discretion, that:

(1)

The item or group of items has a fair market value of less than $500.00;

(2)

The property is no longer necessary for the conduct of public business; and

(3)

Sound property management principles and financial considerations indicate that the interests of the town would best be served by disposing of the property.

(b)

The town manager may dispose of any such surplus personal property by any means that he judges reasonably calculated to yield the highest attainable sale price in money or other consideration, including, but not limited to, the methods of sale provided in G.S. 160A-265 et seq. Such sale may be public or private, and with or without notice and a minimum waiting period.

(c)

The surplus property shall be sold to the party who tenders the highest offer, or exchanged for any property or services to the town if greater value may be obtained in that manner, and the town manager is authorized to execute and deliver any applicable title documents. If no offers are received within a reasonable time, the town manager may retain the property, obtain any reasonably available salvage value, or cause it to be disposed of as waste material. No surplus property may be donated to any individual or organization except by resolution of the board of commissioners.

(d)

The town manager shall, on or before February 1, report in writing to the board of commissioners on any property disposed of under these provisions from July 1 through December 31 of the previous year, and shall, on or before August 1, report in writing to the board of commissioners on any property disposed of under the provisions of this section from January 1 through June 30 of that year. The written report shall generally describe the property sold or exchanged, to whom it was sold, or with whom exchanged, and the amount of money or other consideration received for each sale or exchange since the last such report was submitted.

(Code 1985, § 34.04; Code 1999, § 2-216)